PEMBROKE, Bermuda -- RenaissanceRe Holdings Ltd. (NYSE:RNR)
announced today that Edmund B. Greene, 69, Brian R. Hall, 65 and Scott
E. Pardee, 71, three longtime members of its Board of Directors, will
retire in conjunction with the Company's Annual Shareholder
Meeting, when their terms of service are scheduled to expire, and that
the Board has nominated three new Directors to its Board. David C.
Bushnell, former Chief Administrative Officer and Senior Risk Officer of
Citigroup Inc., James L. Gibbons, President and Chief Executive Officer
of CAPITAL G Limited, a leading Bermuda financial services organization,
and Anthony M. Santomero, former President of the Federal Reserve Bank
of Philadelphia, will stand for election at the Company's Annual
Shareholder Meeting.

Neill A. Currie, Chief Executive Officer, said, "Ed, Brian and
Scott have played a central role in the growth and success of
RenaissanceRe. Ed was a founding member of our Board, with Brian and
Scott also joining early in our history. All have been strong stewards
of our company throughout its development. We look forward to drawing on
the expertise of David, James and Tony, each of whom brings to our Board
a breadth of expertise in finance, risk management and other disciplines
that will be invaluable to us as we continue to build upon
RenaissanceRe's superior record of performance."

W. James MacGinnitie, Chairman, added, "On behalf of the
entire Board of Directors, I'd like to thank Ed, Brian and Scott
for their wise counsel over their many years of service. I'd also
like to welcome our three new Directors, who bring a diverse set of
skills and experience that greatly complements what we are fortunate to
have already on our Board. I am confident that David, James and Tony
will contribute greatly to our oversight of RenaissanceRe on behalf of
all of its shareholders."

David C. Bushnell, 53, retired from Citigroup Inc.
("Citigroup") in November 2007 after 22 years of service, most
recently as Chief Administrative Officer. Mr. Bushnell served as the
Senior Risk Officer of Citigroup from 2003 through 2007, and was
responsible for managing risk for Citigroup and all its member
companies, with oversight responsibility for market, credit, operational
risks and the compliance function. Mr. Bushnell was also a member of the
Citigroup Management and Business Heads Committee, and a board member of
Citibank, N.A. and other Citigroup affiliates. Prior to this experience,
Mr. Bushnell worked for Salomon Smith Barney Inc. (later acquired by
Citigroup) and its predecessors in a variety of positions, including as
a managing director and Chief Risk Officer.

James L. Gibbons, 44, is a Bermudian citizen who is President and
Chief Executive of CAPITAL G Limited and Chairman of CAPITAL G Bank
Limited, leading Bermuda-based financial services organizations, as well
as President of Bermuda Air Conditioning Limited. Mr. Gibbons has served
as a Director of Gibbons Management Services Limited, and as Managing
Director of Gibbons Deposit Company Limited. He began his career at
Prudential Bache Securities after receiving a degree in Finance from
Georgetown University in 1985.

Anthony M. Santomero, 61, most recently a Senior Advisor to
McKinsey & Company, served as the ninth President of the Federal
Reserve Bank of Philadelphia. In his six years at the Federal Reserve,
he was a voting member of the Federal Open Market Committee, served as
Chair of the System's Committee on Credit and Risk Management and
also as member of the Financial Services Policy Committee and the
Payments System Policy Advisory Committee. Dr. Santomero joined the Fed
from the Wharton School of the University of Pennsylvania, where he was
the Richard K. Mellon Professor of Finance, and served in a number of
academic, consulting and managerial roles, including Deputy Dean of the
School. He received his PhD from Brown University, and his AB from
Fordham University.

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and
insurance. Our business consists of two segments: (1) Reinsurance, which
includes catastrophe reinsurance, specialty reinsurance and certain
joint ventures and other investments managed by our subsidiary
RenaissanceRe Ventures Ltd., and (2) Individual Risk business, which
includes primary insurance and quota share reinsurance. RenaissanceRe is
traded on the New York Stock Exchange under the ticker symbol 'RNR'. For more information, visit www.renre.com.

IMPORTANT ADDITIONAL INFORMATION

RenaissanceRe plans to file with the SEC and make available to its
shareholders a Proxy Statement relating to its 2008 Annual General
Meeting. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. The Proxy Statement and other documents
relating to the 2008 Annual General Meeting (when they are available)
can be obtained free of charge from the SEC's website at
http://www.sec.gov, from RenaissanceRe at the company's website at
www.renre.com, or upon written request to RenaissanceRe Holdings Ltd.,
Attn: Office of the Corporate Secretary, P.O. Box HM 2527, Hamilton,
HMGX, Bermuda.

RenaissanceRe and its directors and executive officers may be
deemed to be participants in the solicitation of proxies in connection
with the 2008 Annual General Meeting. Information regarding the
interests of the directors and executive officers of RenaissanceRe in
the solicitation will be more specifically set forth in the Proxy
Statement that will be filed by RenaissanceRe with the SEC and which
will be available free of charge from the SEC and RenaissanceRe, as
indicated above. Information about the directors and executive officers
of the Company may be found in its Proxy Statement relating to its 2007
Annual General Meeting, filed with the SEC on April 26, 2007.

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